HomeMy WebLinkAbout1992-01-21; City Council; Resolution 92-18ll 0 w
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RESOLUTION NO. 92-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA AUTHORIZING THE MAYOR TO EXECUTE THE SETTLEMENT AND RELEASE
AGREEMENT TO SETTLE THE LAWSUIT ENTITLED
HOMES BY POLYGON V. CITY OF CARLSBAD, N51309
WHEREAS, on recommendation of the City Attorney the
City Council of the City of Carlsbad, California has determin
that a settlement in the case entitled Homes by Polyqon v. Ci
is in the public interest: and
WHEREAS, no funds will be necessary to settle this
case,
NOW, THEREFORE, BE IT RESOLVED by the City Council
the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct
2. That the Mayor is authorized to sign.the Settle
Agreement and Release which is hereby approved.
3. The City Clerk is authorized to release from tl.
City of Carlsbad's files the originals of the five United Pat
Insurance Company Faithful Performance Bonds (Nos. U542188,
U542185, U543054, U542192, and U542197) for Homes by Polygon
Project CT 81-16, Units, 3, 4, 5 and 6 of Vista Santa Fe in 1
City of Carlsbad, California.
4. Aletha L. Rautenkranz, City Clerk, is authorizc
sign the letter dated January 21, 1992 from the City of Carl:
to Richard Pitt, Esq. and Mr. Peter Fjellstad regarding the
exoneration of United Pacific Insurance Comapny Faithful
Performance Bonds (Nos. U542188, U542185, U543054, U542192,
U542197) for Homes by Polygon Project CT 81-16, Units 3, 4,
28 6 of Vista Santa Fe in the City of Carlsbad, California and
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1 ll transmit the originals of the five Faithful Performance Bonds
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identified in No. 3, above.
PASSED, APPROVED AND ADOPTED at a Regular Meeting c
the City Council of the City of Carlsbad on the 21st day
of January , 1992, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, Stanton and N
NOES: None
ABSENT : None ,^
ATTEST :
Z, City Clerk
t City Clerk
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